Caterpillar Inc. (CAT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CAT Revenue Growth
Revenue Breakdown (FY 2025)
CAT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CAT Revenue Analysis (2014–2025)
As of May 6, 2026, Caterpillar Inc. (CAT) generated trailing twelve-month (TTM) revenue of $70.75 billion, reflecting exceptional growth of +22.2% year-over-year. The most recent quarter (Q1 2026) recorded $17.41 billion in revenue, down 9.0% sequentially.
Looking at the longer-term picture, CAT's 5-year compound annual growth rate (CAGR) stands at +10.1%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $67.59 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CAT's business is primarily driven by Reportable Subsegments (67%), Construction Industries (23%), and Resource Industries (11%). With over half of revenue concentrated in Reportable Subsegments, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including DE (+8.1% YoY), CNH (-4.0% YoY), and AGCO (-3.8% YoY), CAT has outperformed the peer group in terms of revenue growth. Compare CAT vs DE →
CAT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CATCurrent | $70.8B | +22.2% | +10.1% | 16.6% | |
 DE | $44.7B | +8.1% | +5.6% | 18.8% | |
 CNH | $18.1B | -4.0% | +4.1% | 15.4% | |
 AGCO | $10.1B | -3.8% | +2.0% | 6.9% | |
 PCAR | $28.4B | -15.8% | +8.7% | 10.4% | |
 CMI | $33.7B | +0.1% | +11.2% | 11.9% |
CAT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $67.59B | +4.3% | $21.86B | 32.3% | $11.21B | 16.6% |
| 2024 | $64.81B | -3.4% | $23.32B | 36.0% | $13.07B | 20.2% |
| 2023 | $67.06B | +12.8% | $23.26B | 34.7% | $12.97B | 19.3% |
| 2022 | $59.43B | +16.6% | $17.51B | 29.5% | $7.90B | 13.3% |
| 2021 | $50.97B | +22.1% | $15.00B | 29.4% | $6.88B | 13.5% |
| 2020 | $41.75B | -22.4% | $12.08B | 28.9% | $4.55B | 10.9% |
| 2019 | $53.80B | -1.7% | $16.42B | 30.5% | $8.29B | 15.4% |
| 2018 | $54.72B | +20.4% | $17.00B | 31.1% | $8.29B | 15.2% |
| 2017 | $45.46B | +18.0% | $13.56B | 29.8% | $4.46B | 9.8% |
| 2016 | $38.54B | -18.0% | $9.90B | 25.7% | $1.16B | 3.0% |
Full CAT Stock Analysis
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Start ComparisonCAT — Frequently Asked Questions
Quick answers to the most common questions about buying CAT stock.
Is CAT's revenue growth accelerating or slowing?
CAT revenue is accelerating at +22.2% year-over-year, exceeding the 5-year CAGR of +10.1%. TTM revenue reached $70.8B. Growth momentum has increased versus prior periods.
What is CAT's long-term revenue growth rate?
Caterpillar Inc.'s 5-year revenue CAGR of +10.1% reflects the sustained expansion pattern. Current YoY growth of +22.2% is above this long-term average.
How is CAT's revenue distributed by segment?
CAT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.